By Don | October 18, 2010
The downturn has produced an unprecedented number of foreclosed commercial properties in Ventura County covering all asset types from hospitality to industrial and office condos. Investors looking for value are taking advantage of higher capitalization rates, and business owners are finding that substantially lower acquisition price points (combined with low SBA financing rates) are making ownership vs. leasing a smart financial option. Here are a sampling of specific properties in various asset classes that have reverted back to their lender this year:
Read the rest of this article »
Filed under article topic:
Foreclosures,
Investors
Comments Off on Distressed commercial real estate – deals for investors and business owners
By Leslie | June 16, 2010
Who reads and tracks our blog? The Ventura County Star! The statistics and other info we publish is one source they use in tracking our local real estate market. Read the article in todays paper about “flippers” – investors who buy houses, fix them up and sell them for a profit. A reporter from the Ventura County Star, Stephanie Hoops, wanted to know what’s happening in our local market and interviewed Don Nelson.
Filed under article topic:
Housing Market,
Investors
Comments Off on Newspaper quotes Don Nelson about flippers
By Don | March 18, 2010
I had the opportunity to spend two full days in the classroom this week up in San Jose studying investment analysis, specifically geared to commercial real estate. Internal rates of return (IRR), uneven cash flows, cap rates, interest rates, discounted cash flows, analytical tools – good stuff! We even had home work at night! We only covered enough in class so we could complete a case study of a mythical office building once we got back home.
I enjoy going to conferences, seminars and the like. Besides learning new skills and brushing up on the old, these interactions with other attendees often end up with me getting one of those “ah hah!” light bulb going off moments. Now if I could only convince Leslie to send me off on one of these things more often…!
Filed under article topic:
Investors
Comments Off on Continuing education – good stuff!
By Leslie | February 27, 2010
Don recently closed on this 40,000 plus square foot office building in Camarillo. He represented the buyers in tracking this property through foreclosure and negotiating the sale with the lender. While much has been written about the housing crisis over the past 2 years or so, commercial real estate is beginning to be hit by the same pressures of falling values and lack of financing. Commercial properties were commonly financed through the CMBS (Commercial Mortgage Backed Securities) market, but that marketplace has essentially been frozen since our near financial meltdown in late 2008. This financial pressure on commercial properties, however, brings excellent opportunities for institutional and/or commercial investors. Interested in this arena of investment possibilities? Give Don a call to find out more.
Filed under article topic:
Investors
Comments Off on Don closes Camarillo office building deal
By Don | October 8, 2009
A couple weeks ago I wrote a post (see “Investors and buying opportunities in a down market”) about investors looking to acquire commercial and multi-family properties in this market.
We’ll have a casual working lunch in our office on Thursday, October 22 from 11:30 to 1 p.m. as I discuss how investors are taking advantage of disruptions in the marketplace to acquire assets for their portfolios and the pros and cons of various strategies investors are using.
Interested? Please email or call Leslie to RSVP so we get a head count for lunch.
Filed under article topic:
Investors
Comments Off on A working lunch for investors.